Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5 Northern Blvd, Unit 7 Amherst, NH 03031

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Pending
    $149,900

    2400 SF office condo in well-maintained complex.

    Lot size:
    3.19 Acres

    Property Features for 5 Northern Blvd

    General Information

    Property type
    Commercial
    Standard status
    Pending
    Lot size
    3.19 Acres

    Building Details

    Year built
    1985

    We can help!

    Listing Contact
    Nh Realty Gals
    Source: Elliman

    Listing Agency: RE/MAX Synergy Listing Agent: Nh Realty Gals

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Professional Office Condo For Sale

    Located just off 101A and across from Wal-Mart, this 2400 square foot office condominium is situated in the Northwood Green Condominium Park. The unit, #07, features 1200 square feet of finished space on each of its upper and lower levels, with a bathroom on each level. The layout allows for the possibility of operating two separate businesses within the unit. It includes a front entrance and a separate lower-level entry. The condominium is part of a well-run professional office complex and is not on leased land. The monthly condo fee is $350.
    Location Intelligence

    Current Use by Public Records

    Versa-Lok Retaining Walls Building Supply Martin Marcia Physician Inspired Learning Coaching, ... Alternative Medicine Practice Karen Kallie Alternative Medicine Practice Electro Medical Associates Business Management Consultant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Building Supply Hair Salon Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Amherst
    County
    Hillsborough
    State
    New Hampshire
    Longitude
    -71.585933
    Latitude
    42.802124

    Nearby Similar for Sale

    • New
      $89,900
      2,400 SF

      Two-Level Office Condo For Sale

      Well-maintained, move-in ready office condo with flexible layout.
      10 Northern Blvd, Amherst, NH 03031
      View Details
    • $1,650,000
      0.34 Acres

      Historic Amherst Commercial Opportunity

      Iconic property in Amherst's Historic District with untapped potential.
      107 Boston Post Rd, Amherst, NH 03031
      View Details
    • $99,900

      Two-Story Office Condo in Amherst

      Two-story office condo with open-concept space in Amherst, NH.
      10 Northern Blvd, Amherst, NH 03031
      View Details
    • $115,000
      2.99 Acres

      Established Salon Business Opportunity

      Profitable salon business with loyal clientele and extensive assets.
      135 Nh-Route 101A, Amherst, NH 03031
      View Details
    • $780,945

      Amherst Flex/Office Condo For Sale

      Well-situated condo for light industrial, flex, or office use.
      31 Old Nashua Rd, Amherst, NH 03031
      View Details
    • $597,900

      Well-Maintained Office Building For Sale

      Updated office building in active commercial corridor with flexible layout.
      110 Ponemah Rd, Amherst, NH 03031
      View Details
    • $200,000
      2,638 SF

      Medical/Office Condo on NH 101A

      Well-appointed condo with high visibility and versatile floor plan.
      7 Nashua St, Amherst, NH
      View Details
    • Contact for pricing
      242,000 SF

      Distribution Facility in Southern NH

      242,218 SF distribution facility with income potential.
      2 Howe Dr, Amherst, NH 03031
      View Details
    • $240,000
      2,638 SF

      Amherst Medical Office Condo

      Prime NH Medical/Office Space
      7 Nh-101A, Amherst, NH 03031
      View Details
    • $240,000

      Amherst Medical Office Condo

      High-Visibility Office Space, Prime Location
      7 Nh Rte, Amherst, NH 03031
      View Details

    FAQs

    What type of property is this?
    Office units - 2400 SF office condo in well-maintained complex.
    Where is this office units located?
    The property is located at 5 Northern Blvd, Unit 7 Amherst, NH.
    What is the asking price?
    The asking price for this property is $149,900.
    What are key features of this property?
    This property features: - Superb location just off 101A and across from Wal-Mart.; - Low condo fee of $350/month.; - Enjoy 2400 square feet of finished space with 1200 sq ft on each floor.
    (603) 488-6218
    Request Owner's contact information
    5 Northern Blvd, Unit 7 Amherst, NH 03031
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5 Northern Blvd, Unit 7
    Amherst, NH 03031
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5 Northern Blvd, Unit 7 Amherst, NH 03031
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Nh Realty Gals
    (603) 488-6218 (603) 472-3900 (603) 860-9464
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!